The owners of the popular sweet manufacturers Schwedenbomben recently rescued from insolvency after it was sold to Heidi Chocolat S.A. are planning to invest heavily to allow for expansion into new markets. The new owners say that the expansion plans mean that they are hoping to increase production by 70% and that means that even […]
Tools and DIY equipment chain Baumax continues its expansion in Eastern Europe (EE).The Klosterneuburg-based firm opened a store in Pleven, northern Bulgaria, yesterday (Weds). The 12,000-square-metre shop is the firms fifth representation in the country.Baumax is active in nine European countries. Around 10,700 people are employed in its 152 shops of which 67 are located […]
Staff representatives have criticised the “extreme expansion policy” of struggling industrial firm A-Tec.The company faces bankruptcy, and reports have it that A-Tec planned to get rid of its subsidiary Austrian Energy & Environment (AE&E) to avoid a collapse.A-Tec puts the dire state of the firm down to cost overruns on a project by AE&E in […]
Upper Austrian fibre producer Lenzing AG announced today (Mon) that it would invest an additional 78 million Euros in expansion of its facilities in Nanjing, China, and Lenzing, Upper Austria.It added that half of its fibre production capacity would be located in Asia after the expansion. It announced the investment of 120 million Euros in […]
By William GreenMore than 200,000 Vienna residents have signed a petition against the controversial expansion of a nuclear power plant in Slovakia, a city councillor has claimed.Social Democratic (SPÖ) environmental councillor Ulli Sima, who had started postcard and online campaigns against its expansion, said today (Thurs) that 204,162 people had signed the petition.She said: “We […]